American Rare Earths Limited (OTCMKTS:ARRNF) Short Interest Up 258.7% in May

American Rare Earths Limited (OTCMKTS:ARRNF) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 1,914,859 shares, a growth of 258.7% from the April 30th total of 533,829 shares. Based on an average daily volume of 2,609,973 shares, the days-to-cover ratio is currently 0.7 days.

American Rare Earths Stock Down 2.1%

ARRNF opened at $0.31 on Friday. American Rare Earths has a 1-year low of $0.14 and a 1-year high of $0.78.

American Rare Earths is a mineral exploration and development company focused on identifying and advancing rare earth element projects. The company’s work centers on finding and evaluating deposits that may support the supply of rare earth materials used in a range of industrial, clean energy, and technology applications.

The company is best known for its efforts to develop rare earth projects in the United States, where it has emphasized the potential of domestic supply chains for strategically important minerals.